Free CFA Level 1 Sample Quiz 60 Questions Answer Keys AMBIPi

Hi CFA Aspirants, welcome to AKVTutorials. Are you preparing for CFA Level 1, 2, 3 exams for making a career in CFA (Charted Financial Analyst). According to CFA Wikipedia, CFA The Chartered Financial Analyst (CFA) program is a postgraduate professional certification offered internationally by the American-based CFA Institute. A candidate who successfully completes the program and meets other professional requirements is awarded the “CFA charter” and becomes a “CFA charter holder”. Therefore, you need CFA Study Notes and Free CFA Level 1 Sample Quiz 60 Questions Answer Keys AMBIPi

In this article, you will get Free CFA Level 1 Mock Exam Practice Questions.

Free CFA Level 1 Mock Practice Exam Questions Bank

Free CFA Level 1 Practice Question No: 591:

Francesca Ndenda, CFA, and Grace Rutabingwa work in the same department for New Age Managers, with Rutabingwa reporting to Ndenda. Ndenda learns that Rutabingwa received a Notice of Enquiry from the Professional Conduct Program at CFA Institute regarding a potential cheating violation when she sat for the CFA exam in May. As Rutabingwa’s supervisor, Ndenda is afraid that Rutabingwa’s behavior will be seen as a violation of the Code and Standards. Does Ndenda most likely have cause for concern?

Option A: No, not until Rutabingwa is found guilty of cheating

Option B: Yes

Option C: No, because her responsibilities do not apply

Show/Hide Answer

Option C : No, because her responsibilities do not apply

CFA Level 1 Exam Question No: 592:

According the GIPS standards, for periods beginning on or after 1 January 2011, the aggregate fair value of total firm assets most likely includes all:

Option A: fee-paying discretionary accounts

Option B: fee-and non-fee-paying discretionary accounts

Option C: fee-and non-fee-paying discretionary and non-discretionary accounts

Show/Hide Answer

Option C : fee-and non-fee-paying discretionary and non-discretionary accounts

Free CFA Level 1 Mock Exam Question No: 593:

The market demand function for item X is a function of its price, household income, and the price of the item Given the above elasticity coefficients for the two items, which of the following statements is most accurate?

Option A: X and Y are substitutes

Option B: Demand for X is elastic

Option C: Item X is an inferior good

Show/Hide Answer

Option A : X and Y are substitutes

CFA Level 1 Free Practice Question No: 594:

The monthly demand curve for playing tennis at a particular club is given by the following equation: PTeanis Match =9-0.20* QTeanis Match. The club currently charges members $4.00 to play a match but is considering changing to a new flat-rate monthly membership fee for unlimited play. The most that the club will be able to charge for the flat-rate monthly membership is closest to:

Option A: $40.00

Option B: $62.50

Option C: $162.50

Show/Hide Answer

Option B : $62.50

Free CFA Practice Question No: 595:

With its existing production facilities, a monopolist firm can produce up to 100 units. It faces the following demand and cost schedules:

The optimal output level for this producer (in units) is closest to:

Option A: 20

Option B: 60

Option C: 100

Show/Hide Answer

Option B : 60

CFA Level 1 Sample Question No: 596:

The following information applies to an economy:

The unemployment rate in the economy is closest to the: 

Option A: 9.7%

Option B: 12.6%

Option C: 16.0%

Show/Hide Answer

Option B : 12.6%

Free CFA Level 1 Quiz Question NO: 597:

In an economy, consumption is 70% of pre-tax income and the average tax rate is 25% of total income. If planned government expenditures are expected to increase by $1.25 billion, the increase in total incomes and spending (S in billions) is closest to:

Option A: $1.3

Option B: $2.6

Option C: $4.2

Show/Hide Answer

Option C : $4.2

Free CFA Level 1 Quiz Question NO: 598:

Which of the following statements best describes an advantage of a forward contract over a futures contract? A forward contract:

Option A: Is essentially free of default risk

Option B: Can easily be offset prior to the expiration

Option C: Allows parties to enter into a customized transaction

Show/Hide Answer

Option C : Allows parties to enter into a customized transaction

Free CFA Practice Question No: 599:

A forward rate agreement (FRA) that expires in 180 days and is based on 90-day LIBOR is quoted at 2.2%. At the expiration of the FRA, 90-day LIBOR is 2.8%. For a notional principal of USD1,000,000, the payoff of this FRA is closest to:

Option AUSD1,469.31

Option B: USD1,489.57

Option C: USD1,500.00

Show/Hide Answer

Option B : USD1,489.57

CFA Mock Exam Free Question No: 600:

Consider a U.S. Treasury bond futures contract where the hypothetical deliverable bond has a coupon of 3.0%. At the expiration of the futures contract, the short chooses to deliver a bond with a coupon of 3.8%. The conversion factor of this bond is the most likely.

Option A: Equal to 1

Option B: Less than 1

Option C: Greater than 1

Show/Hide Answer

Option C : Greater than 1

CFA Notes Materials and QBanks

CFA Level 1 Notes
CFA Level 1 QBank: 1 to 10CFA Level 1 QBank: 11 to 20
CFA Level 1 QBank: 21 to 30CFA Level 1 QBank: 31 to 40
CFA Level 1 QBank: 41 to 50CFA Level 1 QBank: 51 to 60
CFA Level 1 QBank: 61 to 70CFA Level 1 QBank: 71 to 80
CFA Level 1 QBank: 81 to 90CFA Level 1 QBank: 91 to 100
CFA Level 1 QBank: 101 to 110CFA Level 1 QBank: 111 to 120
CFA Level 1 QBank: 121 to 130CFA Level 1 QBank: 131 to 140
CFA Level 1 QBank: 141 to 150CFA Level 1 QBank: 151 to 160
CFA Level 1 QBank: 161 to 170CFA Level 1 QBank: 171 to 180
CFA Level 1 QBank: 181 to 190CFA Level 1 QBank: 191 to 200
CFA Level 1 QBank: 201 to 210CFA Level 1 QBank: 211 to 220
CFA Level 1 QBank: 221 to 230CFA Level 1 QBank: 231 to 240
CFA Level 1 QBank: 241 to 250CFA Level 1 QBank: 251 to 260
CFA Level 1 QBank: 261 to 270CFA Level 1 QBank: 271 to 280
CFA Level 1 QBank: 281 to 290CFA Level 1 QBank: 291 to 300
CFA Level 1 QBank: 301 to 310CFA Level 1 QBank: 311 to 320
CFA Level 1 QBank: 321 to 330CFA Level 1 QBank: 331 to 340
CFA Level 1 QBank: 341 to 350CFA Level 1 QBank: 351 to 360
CFA Level 1 QBank: 361 to 370CFA Level 1 QBank: 371 to 380
CFA Level 1 QBank: 381 to 390CFA Level 1 QBank: 391 to 400
CFA Level 1 QBank: 401 to 410CFA Level 1 QBank: 411 to 420
CFA Level 1 QBank: 421 to 430CFA Level 1 QBank: 431 to 440
CFA Level 1 QBank: 441 to 450CFA Level 1 QBank: 451 to 460
CFA Level 1 QBank: 461 to 470
CFA Level 1 QBank: 481 to 480CFA Level 1 QBank: 491 to 500
CFA Level 1 QBank: 501 to 510CFA Level 1 QBank: 511 to 520
CFA Level 1 QBank: 521 to 530CFA Level 1 QBank: 531 to 540
CFA Level 1 QBank: 541 to 550CFA Level 1 QBank: 551 to 560
CFA Level 1 QBank: 561 to 570CFA Level 1 QBank: 571 to 580
CFA Level 1 QBank: 581 to 590CFA Level 1 QBank: 591 to 600
CFA Level 1 QBank: 601 to 610CFA Level 1 QBank: 611 to 620

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